Aleri, a provider of CEP technology, announced the development of a Real-Time (RT) Risk Monitoring solution framework to manage credit and market risk.
Aleri's RT Risk Monitoring solution provides consolidation and analysis of positions in real-time, which can help a firm identify unacceptable levels of exposure along a number of configurable dimensions, including counterparty, trader, asset class, region and industry sector, according to a release.
The solution gives users the ability to determine the underlying cause of the concentration, right down to individual trades.
Additionally, Aleri's event-driven architecture allows for non-intrusive integration with existing systems, making it easy for firms to quickly move from end-of-day monitoring to immediate insight, Aleri said.
"Market volatility and the increased focus on counterparty risk have prompted trading firms to look for better tools to manage their exposure," Jeff Wootton, VP of Product Strategy at Aleri, said in a release.
"The current tools many firms are using can't provide consolidated information on a timely enough basis across their trading operation. Aleri's RT Risk Monitoring solution can quickly provide firms with this capability."
The solution leverages the Aleri CEP platform and provides immediate and continuous monitoring and analysis, eliminating the need to wait for overnight consolidation and batch computations, according to the release.
By extending the capabilities of the Aleri CEP technology with the Aleri Live OLAP server, users can analyze data at any level of aggregation across different dimensions.
Hierarchies applied to each of the dimensions can specify how the data gets rolled up into aggregate values, with the ability to drill down all the way to the individual transaction level.
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